Regulatory Alerts2021-06-11
Added
Notice 639 Exposures to Single Counterparty Groups [Cancelled]
The Monetary Authority of Singapore issued Notice 639 to establish rules for measuring and limiting credit risk exposures to single counterparty groups for locally incorporated full and wholesale banks. This regulatory notice was officially cancelled with effect from 01 July 2021. Banks are now required to refer to Notice 656 for the applicable rules governing exposures to single counterparty groups.
Notices
Last Revised Date: 11 June 2021
Rules to measure and limit a locally-incorporated bank's exposures to a single counterparty group. This notice was cancelled with effect from 01 July 2021.
Credit Risk
Issued pursuant to:
Banking Act (Cap. 19) section 29(1)
Applies to:
Full Bank (Locally Incorporated)
,
Wholesale Bank (Locally Incorporated)
View Notice
Notice 639 Exposures to Single Counterparty Groups [Cancelled]
(101 KB)
Please refer to Notice 656 Exposures to Single Counterparty Groups for Banks Incorporated in Singapore for the rules to measure and limit a locally-incorporated bank's exposures to a single counterparty group.
01 Jul 2021 MAS Notice 639 dated 06 June 2007 (last revised on 21 September 2020) (267.3 KB) is cancelled.
01 Oct 2020 MAS Notice 639 (Amendment) 2020 (362.9 KB) takes effect.
17 Feb 2014 MAS Notice 639 (Amendment) 2014 (32.3 KB) takes effect.
31 Dec 2009 MAS Notice 639 (Amendment) 2009 takes effect.
11 Jun 2007 MAS Notice 639 dated 06 June 2007 takes effect.
11 Jun 2007 MAS Notice 623 dated 11 November 2002 and MAS Notice 629 dated 04 January 2006 are cancelled.